Business Analyst III

Status:Full Time, Employee
Job Ref Code:090032881
Job Location:Wilmington, DE 19801

JPMorgan Chase is a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients.
 

As the loss forecasting analyst, you will work closely with the Risk, Finance, and Collections Operations units providing guidance on trends, risks, details to expected future performance, and variance explanations to predicted values. This position plays a critical role in the prediction and analytics surrounding the Net Credit Losses, driven from a $150b pool of credit card assets.


 


Roles and Responsibilities


:

Responsible for directing and providing business/statistical analysis to understand the impact of various influences on the credit dynamics, as it relates to losses, of the credit card portfolio including:


- Collections segmentation performance


- Macro economic drivers of credit performance


- Impact of regulatory changes to the business


- Collections Operations performance impact on future loss expectations


- Changes to industry (i.e. bankruptcy trends)


- Manage and implement ongoing reporting to monitor these influences


Partner with Collections Operations, Collections Strategy, and Risk teams to understand & validate the loss impact of new strategies and policies.


Provide insight to Finance and Risk Partners on how Collections Operations performance is driving results inside of expected forecast ranges


Develop financial modeling processes to insure that the appropriate data and reporting structure are in place to effectively manage the quality and flexibility of the Loss Forecasting process.


Provide independent, balanced perspectives on plans, risks and opportunities as well as thorough analytics into variances against expected results.





If you're interested in working in an environment where leadership, excellence, integrity and diversity are among our core principles, then explore the opportunities at JPMorgan Chase.  Further information about careers at JPMorgan Chase can be found on our website: www.jpmorganchase.com.
 


 


BS/BA degree required; MBA/MA/MS in finance, or quantitative analysis preferred


4-8 years of financial forecasting experience,Credit Card experience not required, however strongly preferred.


The successful candidate will demonstrate a strong work ethic, combined with excellent communication skills. Only resumes with a clear career progression will be contacted for interviews. Ideal candidate will have been in current role for 2-3 years and looking to make an immediate impact. Throughout our selection process will be looking for strong leadership skills and ability to thrive in a fast paced environment.


Must demonstrate a high degree of judgment and independent decision-making. Ideal candidate will be able to give examples and experiences resolving complex issues. Must be able to demonstrate strong problem solving abilities.




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JPMorgan Chase is an Equal Opportunity and Affirmative Action Employer, M/F/D/V.

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